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Michele Maatouk Sharecast News
22 Jun, 2015 08:05 22 Jun, 2015 14:44

Fidelity says 190p per share Colt takeover offer is final

Fidelity reaffirmed its takeover bid for telecommunications and IT services company Colt Group, saying it will not raise the offer price of 190p per share “under any circumstances”.

COLT Group SA

189.75p

16:34 09/09/15
-0.13%
-0.25p

Fixed Line Telecommunications

2,035.28

17:14 01/11/24
0.89%
17.97

FTSE 250

20,479.74

17:14 01/11/24
n/a
n/a

FTSE 350

4,508.38

17:14 01/11/24
n/a
n/a

FTSE All-Share

4,465.61

16:54 01/11/24
n/a
n/a

Fidelity reiterated on Monday that Lightning Investors, which is jointly owned by FMR and FIL through which the offer will be made, “has received irrevocable undertakings to accept or procure acceptance of the offer at the offer price from certain Colt shareholders”.

Fidelity also said that it will not sell or take any other steps to dispose off its Colt shares to any third party prior to 31 December 2016.

“This commitment stands whether as a consequence of the offer Colt becomes a private company, or remains as a public listed company should the offer lapse,” said the company.

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